Category: Regulation News

Former FTX CEO Sam “SBF” Bankman Fried’s lawyers have requested a pre-trial release, citing a lack of adequate internet connectivity in the federal jail. SBF’s legal team argued that a poor internet connection is a hindrance in their defense preparation and leads to a loss of time. The court filing dated Sept. 8 was the…

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Binance regional markets head Richard Teng insists that the global cryptocurrency exchange is financially secure and in no way similar to bankrupt peer FTX despite recent regulatory scrutiny and regional challenges. Speaking exclusively to Magazine editor Andrew Fenton in Singapore ahead of the 2023 Token2049 conference, Teng addressed a variety of different challenges being faced…

Read More “Binance’s Richard Teng denies FTX comparisons: ‘We welcome the scrutiny’” »

Amid the current pressure on so-called “finfluencers,” who promote investment products in their blogs, France is taking a step toward outright licensing them. The country has introduced a non-obligatory Responsible Influence Certificate. As revealed on Sept. 7, two French regulatory agencies, the Autorité des Marchés Financiers and the Autorité de Régulation Professionnelle de la Advertising…

Read More “France launches a certificate for ‘finfluencers,’ including crypto” »

Coinbase CEO Brian Armstrong has shared his predictions for the role crypto will play in next year’s elections in the United States, claiming that representatives in Washington do not fully understand the crypto community’s voting power in the upcoming race. “I don’t think everybody in D.C. actually fully realizes how powerful the crypto voting community…

Read More “DC doesn’t realize how powerful crypto voters are — Brian Armstrong” »

Leaders of the 20 biggest economies in the world — collectively known as G20 — are pushing for a speedy implementation of a cross-border framework for crypto assets. According to local reports in New Delhi — where the group members are attending a two-day summit — the framework will facilitate information exchange between countries beginning…

Read More “G20 moves forward with international crypto framework” »

Two United States senators unveiled a bipartisan blueprint for artificial intelligence (AI) legislation on Friday, Sept. 8, as Congress intensifies its endeavors to regulate the emerging technology. The framework put forward by Senators Richard Blumenthal and Josh Hawley advocates for mandatory licensing for AI firms and makes it clear that technology liability protections will not…

Read More “Senators unveil bipartisan blueprint for comprehensive AI regulation” »

The United States Securities and Exchange Commission has submitted a filing urging the court to grant its motion to appeal a ruling from the Ripple Labs lawsuit that deemed the XRP (XRP) token to not be a security when sold to retail investors. The agency argued that “knotty legal problems” surrounding the court’s application of…

Read More “SEC urges court to grant Ripple Labs appeal citing ‘knotty legal problems’” »

The Federal Reserve Bank vice chairman spoke at the Philadelphia Fed’s fintech event on Sept. 8 about what the central bank’s role is in financial innovation. Research and supervision was the short answer, with a nod to the FedNow Service. Along with the standard disclaimer about it making no decisions without congressional authorization, Barr provided…

Read More “Fed Vice Chair Barr gives update on CBDC research, plugs stablecoin legislation” »